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MARKET CLOSE NZ shares fall on busy trading day; Telecom drops, SkyCity gains
Feb. 7 (BusinessDesk) – New Zealand shares fell in the busiest session so far this year, paced by Telecom amid concern the earnings season may not reveal results that warrant high stock valuations. SkyCity Entertainment rose. The NZX 50 Index fell 16.706 points, or 0.4 percent,...
Foodstuffs' North Island cooperative to merge operations
Feb. 7 (BusinessDesk) - Foodstuffs' Auckland and Wellington cooperatives are seeking to merge their operations in a bid to bring down costs in the face of growing competition. The move will be put towards members for a vote in coming months after an extensive business study th...
NZ dollar falls as fall in jobless rate masks weak labour market
By Paul McBeth Feb. 7 (BusinessDesk) - The New Zealand fell after a fall in the headline unemployment rate masked underlying figures showing a weak labour market, and spooking investors who have been upbeat about the local economic recovery. The kiwi fell to 83.52 US cents at...
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